FCC upholds decision favoring Bloomberg over Comcast in channel fight

The Federal Communications Commission has upheld a decision it made last year ordering Comcast to put Bloomberg TV -- a financial news outlet -- within the same neighborhood containing other news and business journalism outlets, including CNBC, which is owned by the cable giant.

Bloomberg had complained to the FCC that Comcast was favoring its own channels at the expense of Bloomberg. That was a worry Bloomberg expressed when Comcast first unveiled its plans to acquire control of NBCUniversal, the entertainment company that owns MSNBC and CNBC.